Silico

Silico Business Process Simulation is a software solution designed to assist organizations in optimizing their business processes and making data-driven decisions. According to the vendor, it provides a platform for creating a Digital Twin of the Organization, which allows users to simulate process changes and evaluate their impact on key business outcomes. Silico is aimed at organizations of various sizes, from small businesses to large enterprises, and is utilized by professionals in industries such as Process Improvement Management, Continuous Improvement Teams, Transformation Directors, Finance Professionals, and Supply Chain Managers.

Key Features

Business Process Simulation: According to the vendor, users can create a Digital Twin of their organization to simulate and visualize business processes. They can test different scenarios and evaluate the impact of process changes on key business outcomes.

Process Mapping: Silico offers process mapping tools to help users visualize process flows, activities, and decision points. This can assist in identifying bottlenecks and inefficiencies in existing processes.

Process Mining: Silico utilizes process mining techniques to automatically discover and analyze existing processes. According to the vendor, users can extract data from their systems to create process models and visualize process flows. This can help identify process variations, bottlenecks, and inefficiencies.

Digital Twin of the Organization: Users can create a virtual replica of their organization in Silico to simulate and test process changes. The vendor states that processes can be linked to commercial outcomes to evaluate their impact on key business metrics. Different scenarios can be tested to assess the financial and operational implications.

Capacity Planning and Optimization: Silico allows users to simulate and optimize resource allocation to ensure optimal capacity utilization. The vendor claims that users can identify resource constraints and bottlenecks in their processes and test different scenarios to find the optimal balance between resource capacity and demand.

Scenario Analysis and What-If Analysis: According to the vendor, users can evaluate the impact of different scenarios on business outcomes. They can perform what-if analysis to assess the effects of process changes and external factors. Different assumptions and variables can be tested to understand their impact on key metrics.

Real-Time Data Integration: Silico enables integration with real-time data sources such as process mining tools and ERP systems. According to the vendor, this allows users to access up-to-date information on process performance and business metrics, and monitor the impact of process changes in real-time.

Simulation Optimization: Silico offers advanced simulation techniques to optimize processes. Users can identify the best process design and configuration to maximize efficiency and performance. The vendor suggests that different process improvement strategies can be tested and their impact evaluated.

Access to every element at every time-step: Silico provides users with access to every element of a simulation at every time-step, according to the vendor. This allows for a comprehensive understanding of the simulation's behavior and performance.

Flexibility to change anything about the structure and/or parameters of a simulation: According to the vendor, users have the flexibility to change any aspect of the structure and parameters of a simulation in Silico. This allows for easy experimentation and testing of different scenarios and strategies.

Automatically build simulations from Process Discovery outputs: Silico has the capability to automatically build simulations from outputs of Process Discovery tools such as process mapping and process mining. According to the vendor, this streamlines the simulation creation process and maximizes the value derived from existing information.